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Week in FX Americas – The Loonie Wallows In No Man’s Land

Posted by Dean Popplewell at 10:55 am EDT, 05/18/2013

The currency that the new governor of the Bank of England is leaving behind, managed to quietly slip to a 10-week low on Friday. It was not even in sympathy to its sister currency’s plight ‘down-under.’ Friday’s reasons had more to do with its domestic CPI print proving that inflation can still surprise on the downside. This seems to be the new global reality – domestic inflations are benign. However, it’s not governor Carney’s concern anymore. When monsieur Poloz takes [...] read more

Filed under: Dean's FX, America, Week in FX, USD, CAD
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Market Pulse »

USD/CAD – Greenback Tests 1.03 as Canadian Inflation Disappoints

Posted by Kenny Fisher 9:19 am EDT, 05/17/2013

The US dollar has edged higher on Friday against its Canadian counterpart, as the pair briefly dipped above the 1.03 level early in the North American session. The pair has not traded at these high levels since early March. USD/CAD moved higher following the release of weaker than expected inflation numbers out of Canada. US numbers have not impressed this week, and the trading week wraps up with the US UoM Consumer Sentiment later today. Canada released inflation data earlier on [...] read more

Filed under: USD, CAD

Forex Insights »

Posted under: AUD, CNY at 8:57 am EDT, 05/17/2013
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Economic Exposure »

USD/TRY – Pushing higher again despite Moody’s Upgrade

Posted by Mingze Wu 5:11 am EDT, 05/17/2013

Turkish strengthened significantly last night as Moody’s raised the Government bond ratings to Baa3, the lowest investment grade but nonetheless a huge milestone considering that this is the first time in 2 decades that Turkey received such a rating. The Istanbul stock index jumped 1.3%, reaching the highest level since 1988 while benchmark 2Y Government bonds fell 12bps to a record low of 4.68%. However, it seems that the Lira is not able to hold onto its gains, with prices [...] read more

Central Bank Watch »

Fed’s Williams changing allegiance to join hawkish calls for QE cut

Posted by Mingze Wu 8:52 pm EDT, 05/16/2013

The drumbeat to reduce the rate of bond purchases by the Federal Reserve grew louder Thursday, with a dovish voice joining the group. John Williams, the San Francisco Fed president, indicated the $85 billion per month of bond purchases can be reduced soon, and that the whole program may be halted this year. He pointed out the pace of job growth has picked up since the program was launched in September, with an average pace of job growth of 200,000 over the [...] read more

Filed under: USD

OANDA's open position ratios

  1. AUD/USD
    72.73% 27.27%
  2. USD/CHF
    59.17% 40.83%
  3. GBP/USD
    56.85% 43.15%
  4. EUR/USD
    55.28% 44.72%
  5. USD/JPY
    45.69% 54.31%

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May
17
Today’s Global
Market Events
5:30am
GBP
MPC Member Weale Speaks
8:30am
CAD
Core CPI m/m
(F)0.2% (P)0.2%
CAD
CPI m/m
(F)0% (P)0.2%
CAD
Wholesale Sales m/m
(F)0.4% (P)0%
9:55am
USD
Prelim UoM Consumer Sentiment
(F)77.9 (P)76.4
USD
Prelim UoM Inflation Expectations
(F)N/A (P)3.1%
10:00am
USD
CB Leading Index m/m
(F)0.3% (P)-0.1%